What Has Replaced the Traditional Paper Purchase Order

question 55

Multiple Choice

What has replaced the traditional paper purchase order?

• A) Electronic Data Exchange
• B) Facsimile
• C) Optical scanners
• D) Graphical user interfaces

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Definitions:

Fixed Costs

Costs that do not change in total with changes in activity level over a relevant range, such as rents, salaries, and insurance premiums.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in zero profit or loss.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and to provide profit to the company.